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! Required information [The following information applies to the questions displayed below.] ...

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Accounting

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Required information
[The following information applies to the questions displayed below.]
Felix & Company reports the following information.
(1) Use the high-low method to estimate the fixed and variable components of total costs.
(2) Estimate total costs if 3,000 units are produced.[The following information applies to the questions displayed below.]
Felix & Company reports the following information.
Period Units Produced Total Costs
10 $ 2,505
24003,145
38003,785
41,2004,425
51,6005,065
62,0005,705
72,4006,345
82,8006,985
93,2007,625
103,6008,265
(1) Use the high-low method to estimate the fixed and variable components of total costs.
(2) Estimate total costs if 3,000 units are produced.
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